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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (11636)	2/18/2015 9:18:33 AM
From: Goose94	Read Replies (1) of 203665

Alacer Gold (ASR-T) takeout target. Feb 18, '15 Benj Gallander and Ben Stadelmann say buy Alacer Gold. The newsletter writers say in a Globe column the pair bought the mid-tier producer in December from $2.01 to $2.06. They figure one unloading this position north of $6. In the heat of the gold bubble, the stock price topped $12. Alacer reported results last week, boasting $347-million (U.S.) in the kitty with zero debt. Revenue this past year was $230-million (U.S.). All-in-sustaining costs were $694 (U.S.) an ounce. That allows for a lovely high margin and full-year profit was $89-million (U.S.). Insiders own over 20 per cent. However, there are good reasons to be wary. The company operates in Turkey, a country not high on the stability list. Also, Alacer has only one mine. Management is relatively new, but has indicated that further share dilution is not in the cards. Upcoming expenditures will be steep, with money being poured into the expansion of the Copler sulphide project. Alacer is an attractive merger or takeover target. OceanaGold (OGC-T) recently propositioned the company but was rebuffed. Other suitors could be circling, eyeing not only the mining possibility but its cash hoard.

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